Federal / Agency News
Wisconsin HFA CEO Joins Biden-Harris Administration
Wisconsin Housing and Economic Development Authority (WHDA) CEO Joaquín Altoro accepted a position within the Biden-Harris administration as administrator of the U.S. Department of Agriculture’s Rural Housing Service, effective as of November 11.
FHA Requires Electronic MAP Application Submissions – Dec. 10
The Office of Multifamily Housing published Mortgagee Letter 2021-26, which announces the required use of the FHA Catalyst: Multifamily Applications Module effective Dec. 10, 2021, for all electronic MAP application submissions.
IRS Publishes 2022 LIHTC, PAB Caps
The Internal Revenue Service released Revenue Procedure 2021-45, which sets state ceilings for nine percent LIHTCs and private activity bonds (PAB).
COVID-19 Supplemental Payment Requests Due Nov. 19
The deadline to submit COVID-19 Supplemental Payment reimbursement requests to HUD or the Contract Administrator is November 19.
Infrastructure Investment and Jobs Act Becomes Law
The House recently passed the Infrastructure Investment and Jobs Act (H.R. 3684), and earlier this week, President Joe Biden signed the bill into law.
Novogradac Estimates BBB LIHTC Provisions Would House 1.9 Million Low-Income Americans
Novogradac estimates the latest version of the $1.75 trillion Build Back Better reconciliation legislation would finance 936,900 affordable homes over 2022 to 2031.
GAO Report: HUD and HHS Could Enhance Coordination to Better Support Communities Serving Youth Experiencing Homelessness
A new report from the Government Accountability Office recommends that HUD and the Department of Health and Human Services provide more guidance to local programs on how to help youth who are homeless.
RFP for NMTC Program Native Initiative Due Nov. 19
The Community Development Financial Institutions Fund released a Request for Proposal related to a procurement that is part of a broader effort to increase New Markets Tax Credit investment in Federal Indian Reservations, Off-Reservation Trust Lands, Hawaiian Home Lands and Alaskan Native Village Statistical Areas.
CDFI Fund Opens CY 2021 NMTC Allocation Round; Application Deadline Jan. 13, 2022
The Community Development Financial Institutions (CDFI) Fund released a notice of allocation availability (NOAA) for the $5 billion calendar year 2021 allocation round of the New Markets Tax Credit (NMTC) program, along with application materials and an updated application FAQ document.
CDFA Report: $17.2 Billion in Multifamily Bonds Issued in 2020, 62 Percent of All Bonds Issued
Council of Development Finance Agencies’ (CDFA) Annual Volume Cap Report for 2019 and 2020.
HUD Allocates Over $2 Billion in CDBG for Disaster Relief
HUD announced the allocation of more than $2 billion ($2,040,617,000) in CDBG-Disaster Recovery (CDBG-DR) and CDBG-Mitigation (CDBG-MIT) funds.
LIHTC, $154 Billion in Housing Spending Now Included in Build Back Better Act
House leadership recently released an updated version of the Build Back Better Act, which now includes $153.95 billion in direct housing spending provisions as well as several key LIHTC provisions.